Heating System Costs

There is more to your heating costs in Prince Edward Island than just energy prices.

Total Cost of Ownership 

When choosing a heating system, it's important to consider the upfront costs of each option, and how that cost will factor into your monthly mortgage. The table below provides examples for some common heating systems on PEI and incorporates the efficiency, upfront purchase and the monthly costs of heating. 

Where did these numbers come from?

The cost per MMBTU comes from the current prices for various energy sources on PEI. efficiencyPEI updates energy prices every 2 weeks.

  • Price includes taxes but excludes service charges.
  • The monthly cost is based on an average home (2000 square feet) consuming 95 MMBTU per year. 
  • Mortgage is based on 25 years (300 monthly payments) and 5% interest. 
  • Fuel and system costs are estimates and may vary from those shown above.

 

Published date: 
March 20, 2017

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